T. Rowe Price U.S. Equity Research ETF
Name
As of 07/17/2026Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
9.9%
1 yr return
19.8%
3 Yr Avg Return
20.1%
5 Yr Avg Return
13.6%
Net Assets
$4.06 B
Holdings in Top 10
37.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.34%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 07/17/2026Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
TSPA - Profile
Distributions
- YTD Total Return 9.9%
- 3 Yr Annualized Total Return 20.1%
- 5 Yr Annualized Total Return 13.6%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 0.6%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameT. Rowe Price U.S. Equity Research ETF
-
Fund Family NameTROWEPRICE
-
Inception DateJun 08, 2021
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJason Polun
Fund Description
In the Summary Prospectus, and Sections 1 and 2 of the Prospectus, the disclosure under “Principal Investment Strategies” is supplemented as follows:
The fund is nondiversified, which means it may invest a greater percentage of its assets in a particular issuer than is permissible for a diversified fund.
TSPA - Performance
Return Ranking - Trailing
| Period | TSPA Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.9% | -51.8% | 22.1% | 94.21% |
| 1 Yr | 19.8% | -58.9% | 46.9% | N/A |
| 3 Yr | 20.1%* | -25.7% | 197.6% | N/A |
| 5 Yr | 13.6%* | -29.1% | 93.8% | N/A |
| 10 Yr | N/A* | -17.2% | 37.0% | N/A |
* Annualized
Return Ranking - Calendar
| Period | TSPA Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 15.7% | -69.4% | 53.7% | N/A |
| 2024 | 25.7% | -94.0% | 152.6% | N/A |
| 2023 | 29.4% | -13.9% | 183.6% | N/A |
| 2022 | -19.6% | -18.2% | 8.9% | N/A |
| 2021 | N/A | -80.2% | 35.2% | N/A |
Total Return Ranking - Trailing
| Period | TSPA Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.9% | -97.2% | 22.1% | 96.49% |
| 1 Yr | 19.8% | -58.9% | 67.6% | N/A |
| 3 Yr | 20.1%* | -25.7% | 197.6% | N/A |
| 5 Yr | 13.6%* | -28.1% | 93.8% | N/A |
| 10 Yr | N/A* | -11.8% | 37.0% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | TSPA Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 16.4% | -69.4% | 53.7% | N/A |
| 2024 | 26.4% | -94.0% | 152.6% | N/A |
| 2023 | 30.0% | -13.9% | 183.6% | N/A |
| 2022 | -18.7% | -12.8% | 8.9% | N/A |
| 2021 | N/A | -60.0% | 35.2% | N/A |
TSPA - Holdings
Concentration Analysis
| TSPA | Category Low | Category High | TSPA % Rank | |
|---|---|---|---|---|
| Net Assets | 4.06 B | 177 K | 1.21 T | 92.85% |
| Number of Holdings | 311 | 2 | 4154 | 29.39% |
| Net Assets in Top 10 | 781 M | 1.74 K | 270 B | 91.22% |
| Weighting of Top 10 | 37.30% | 1.8% | 100.0% | 51.77% |
Top 10 Holdings
- NVIDIA CORP COMMON STOCK USD.001 7.73%
- APPLE INC COMMON STOCK USD.00001 6.96%
- MICROSOFT CORP COMMON STOCK USD.00000625 4.96%
- AMAZON.COM INC COMMON STOCK USD.01 3.77%
- ALPHABET INC CL C COMMON STOCK USD.001 3.17%
- BROADCOM INC COMMON STOCK 2.80%
- META PLATFORMS INC CLASS A COMMON STOCK USD.000006 2.40%
- ALPHABET INC CL A COMMON STOCK USD.001 2.36%
- TESLA INC COMMON STOCK USD.001 1.77%
- ELI LILLY + CO COMMON STOCK 1.38%
Asset Allocation
| Weighting | Return Low | Return High | TSPA % Rank | |
|---|---|---|---|---|
| Stocks | 99.59% | 0.00% | 130.24% | 24.69% |
| Cash | 0.48% | -102.29% | 100.00% | 73.58% |
| Preferred Stocks | 0.00% | 0.00% | 2.23% | 59.13% |
| Other | 0.00% | -13.91% | 134.98% | 59.20% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 57.05% |
| Bonds | 0.00% | -0.04% | 95.81% | 56.98% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | TSPA % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 25.44% | 22.69% |
| Technology | 0.00% | 0.00% | 48.94% | 25.07% |
| Real Estate | 0.00% | 0.00% | 37.52% | 57.70% |
| Industrials | 0.00% | 0.00% | 29.90% | 84.94% |
| Healthcare | 0.00% | 0.00% | 60.70% | 72.27% |
| Financial Services | 0.00% | 0.00% | 55.59% | 67.65% |
| Energy | 0.00% | 0.00% | 41.64% | 69.33% |
| Communication Services | 0.00% | 0.00% | 27.94% | 21.85% |
| Consumer Defense | 0.00% | 0.00% | 49.14% | 70.38% |
| Consumer Cyclical | 0.00% | 0.00% | 50.47% | 10.71% |
| Basic Materials | 0.00% | 0.00% | 26.10% | 72.62% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | TSPA % Rank | |
|---|---|---|---|---|
| US | 99.59% | 0.00% | 127.77% | 49.10% |
| Non US | 0.00% | 0.00% | 33.51% | 36.38% |
TSPA - Expenses
Operational Fees
| TSPA Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.34% | 0.01% | 2.95% | 78.93% |
| Management Fee | 0.34% | 0.00% | 2.00% | 31.62% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
| TSPA Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| TSPA Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| TSPA Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 496.00% | 27.61% |
TSPA - Distributions
Dividend Yield Analysis
| TSPA | Category Low | Category High | TSPA % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.56% | 0.00% | 19.15% | 37.96% |
Dividend Distribution Analysis
| TSPA | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| TSPA | Category Low | Category High | TSPA % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -54.00% | 6.06% | 36.85% |
Capital Gain Distribution Analysis
| TSPA | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 23, 2025 | $0.267 | OrdinaryDividend |
| Dec 23, 2025 | $0.267 | OrdinaryDividend |
| Dec 23, 2024 | $0.185 | OrdinaryDividend |
| Dec 20, 2023 | $0.121 | OrdinaryDividend |
| Dec 20, 2022 | $0.264 | OrdinaryDividend |
| Dec 20, 2021 | $0.122 | OrdinaryDividend |
TSPA - Fund Manager Analysis
Managers
Jason Polun
Start Date
Tenure
Tenure Rank
Jun 08, 2021
0.98
1.0%
Jason Polun is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc. He joined the T. Rowe Price Group in 2003. He is a director of equity research for North America, chair of the Equity Research Advisory Committee, and a member of the Equity Steering Committee. In addition, Jason is co-portfolio manager of the Capital Opportunity Fund and is a member of the portfolio oversight team. He is also cochair of the Capital Opportunity Fund's Investment Advisory Committee. Previously, Jason was a research analyst following money center banks and specialty finance companies and a member of the Investment Advisory Committee of the Equity Income Fund and Financial Services Fund. Prior to rejoining the firm in 2007, Jason was employed by Wellington Management Company, LLP, as a vice president and an equity research analyst, where his coverage included aerospace and defense, energy, packaged food, restaurant, and chemical companies. He earned a B.S. in business and finance from Mount St. Mary's College and an M.B.A. in finance and accounting from The Wharton School at the University of Pennsylvania, where he was a Palmer Scholar. He has also earned the Chartered Financial Analyst designation.
Ann Holcomb
Start Date
Tenure
Tenure Rank
Jun 08, 2021
0.98
1.0%
Ann Holcomb is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Associates, Inc., and T. Rowe Price Trust Company. She is also a portfolio manager and quantitative analyst in the Quantitative Equity Group. Ann is a vice president and Investment Advisory Committee member of the Capital Opportunity Fund. She joined the firm in 1996, and her investment experience dates from 1995.Prior to her current position, she was an investment data analyst and database programmer in the Quantitative Equity Group. Ann earned a B.A. in mathematics from Goucher College and an M.S. in finance from Loyola University Maryland. She has also earned the Chartered Financial Analyst designation.
Jason(Jay) Nogueira
Start Date
Tenure
Tenure Rank
Oct 01, 2021
0.66
0.7%
Mr. Nogueira has been chairman of the committee since the fund’s inception. He joined the Firm in 2004 and has a total of 15 years of investment experience. Since joining the T. Rowe, he has served as a portfolio manager (beginning in 2016) and as an equity research analyst and assisted other portfolio managers in executing certain of the Firm’s equity strategies. Nogueira holds the Chartered Financial Analyst designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.17 | 2.42 |